Become certified as a broker for thousands of Private Money Lenders throughout the country. Get into the world of alternative real estate financing and completely change your finances and the finances of people in your circle who need or have private money.
A private money broker is an intermediary who brings non-owner occupied real estate investor borrowers and private money lenders together. The broker’s essential function is to gather paperwork from these borrowers and oversee the loan and packaging process for submission to the lender for underwriting, approval, and funding. Upon closing, the private money broker receives an origination fee as compensation for the services provided.
There are people all over the country begging for returns on their money higher than the paltry amount paid by banks for CDs and other deposits. They want to lend to smart real estate investors, but don’t know how to find them.
Brokers don’t need sales pitches because there are so many people in the marketplace looking for funding right now. There is no overhead, no receivables, no refunds, and no losses. This is a service that is well-accepted and revered by borrowers as well as lenders.